Features
Dangote, Adenuga, Rabiu, Otedola Maintains Position as Africa’s Richest Men – Forbes

Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola are the sole Nigerian representatives on Forbes’ 2025 “Africa’s Billionaires List,” released on Saturday. Dangote retains his position as Africa’s wealthiest for the 14th consecutive year, with a net worth of $23.9 billion, a substantial increase from $13.9 billion the previous year, primarily due to the inclusion of his refinery’s value.
His Dangote Group operates across diverse sectors, including cement, sugar, and oil and gas. Adenuga, ranking fifth, has a net worth of $6.8 billion, stemming from his Pan-African telecommunications company, Globacom. Rabiu, with a net worth of $5.1 billion, heads the BUA Group, with interests in cement, sugar, and oil.
Otedola, ranked 16th, saw his wealth rise to $1.5 billion, a 30% increase attributed to the performance of Geregu Power Plc, where he serves as chairman. Forbes noted Geregu Power’s 40% share surge driven by increased revenue and profits. Otedola is also the Chairman of First Holdco Plc. He is also known for philanthropic work, notably with Save the Children.
Forbes calculated net worths using stock prices and currency exchange rates as of March 7, 2025, and compared them to the 2024 list. The combined wealth of Africa’s 22 billionaires reached a record $105 billion, up from $82.4 billion in 2024. South Africa has the most billionaires on the list, followed by Nigeria and Egypt.
-
Headline1 week ago
Ogun State Shines as National Sports Festival Closes with Presidential Praise
-
Headline1 week ago
Niger State Flood Disaster: Over 100 Dead, Dozens Still Missing After Torrential Rainfall
-
Headline6 days ago
Eid-ul-Adha: FG Announces Public Holidays for Friday, June 6 and Monday, June 9, 2025
-
Headline6 days ago
FG Launches Nationwide Social Housing Project: 77,400 Units to Address Nigeria’s Housing Deficit
-
Headline1 week ago
Scare at Liberia’s Roberts International Airport as President Boakai’s Plane Suffers Tire Failure
-
Headline1 week ago
BREAKING: Gateway Games 2024 Marred by Fatal Road Accident – 20 Kano Athletes Dead
-
Headline1 week ago
UPDATED: S’Eagles Ahmed Musa Marries Fourth Wife, Moriki
-
Headline1 week ago
JUST IN: INEC Confirms Dates For Ekiti, Osun Governorship Polls
-
Headline1 week ago
Osun PDP Chair Insists Adeleke’s Re-election Is Secure Despite Member Defections
-
Headline1 week ago
BREAKING: PSG Beats Inter Milan 5-0 To Secure First Ever Champions League Title